LGI Homes Inc (NASDAQ:LGIH) insider Rachel Lyons Eaton sold 850 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $32.29, for a total value of $27,446.50. Following the transaction, the insider now directly owns 27,526 shares in the company, valued at approximately $888,814.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of LGI Homes Inc (NASDAQ:LGIH) traded down 0.44% on Monday, hitting $32.04. The company had a trading volume of 179,303 shares. The company has a 50 day moving average of $30.00 and a 200-day moving average of $31.88. LGI Homes Inc has a 12-month low of $22.51 and a 12-month high of $40.47. The company has a market cap of $682.80 million, a price-to-earnings ratio of 9.40 and a beta of 0.19.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, March 7th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.07. The firm had revenue of $236.80 million for the quarter, compared to analyst estimates of $236.26 million. LGI Homes had a net margin of 8.68% and a return on equity of 23.66%. The firm’s quarterly revenue was up 33.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, analysts forecast that LGI Homes Inc will post $3.84 earnings per share for the current year.

Insider Buying and Selling by Quarter for LGI Homes (NASDAQ:LGIH)

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LGIH has been the topic of a number of recent analyst reports. Wells Fargo & Co lowered LGI Homes from an “outperform” rating to a “market perform” rating in a research note on Friday, January 6th. BTIG Research started coverage on LGI Homes in a research report on Tuesday, February 7th. They issued a “neutral” rating on the stock. Wedbush started coverage on LGI Homes in a research report on Monday, December 5th. They issued a “neutral” rating and a $35.00 target price on the stock. Finally, Zacks Investment Research raised LGI Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, November 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.67.

Hedge funds and other institutional investors have recently bought and sold shares of the company. 1832 Asset Management L.P. raised its position in LGI Homes by 0.4% in the third quarter. 1832 Asset Management L.P. now owns 27,800 shares of the company’s stock valued at $1,024,000 after buying an additional 100 shares during the period. Thrivent Financial for Lutherans raised its position in LGI Homes by 8.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,220 shares of the company’s stock valued at $265,000 after buying an additional 710 shares during the period. Creative Planning raised its position in LGI Homes by 19.3% in the third quarter. Creative Planning now owns 6,536 shares of the company’s stock valued at $241,000 after buying an additional 1,056 shares during the period. Comerica Bank raised its position in LGI Homes by 6.2% in the fourth quarter. Comerica Bank now owns 17,980 shares of the company’s stock valued at $554,000 after buying an additional 1,057 shares during the period. Finally, New York State Teachers Retirement System raised its position in LGI Homes by 14.0% in the fourth quarter. New York State Teachers Retirement System now owns 12,214 shares of the company’s stock valued at $351,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

LGI Homes Company Profile

LGI Homes, Inc is a homebuilder. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company has five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

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